15 June 2022

China's Fixed-Asset Investment Expands 6.2 Percent

International and Arabic
  • China

Beijing, June 15 (QNA) - China's fixed-asset investment saw steady growth in the first five months of this year, official data showed Wednesday.
Fixed-asset investment jumped 6.2 percent from a year earlier to 20.6 trillion yuan (about 3.05 trillion U.S. dollars) in the first five months, the Chinese National Bureau of Statistics said in a statement.
The growth slowed from a 6.8-percent increase registered in the first four months. In May, fixed-asset investment picked up 0.72 percent from a month earlier.
From January to May, fixed-asset investment from the private sector increased 4.1 percent from a year earlier to 11.71 trillion yuan.
China's value-added industrial output, an important economic indicator, went up 0.7 percent year-on-year in May, data from the National Bureau of Statistics showed Wednesday.
On a monthly basis, the industrial output in May registered an increase of 5.61 percent.
The industrial output is used to measure the activity of designated large enterprises with an annual business turnover of at least 20 million yuan ($2.96 million). (QNA)

Keywords

Economy, International
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